Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Qualcomm (QCOM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Qualcomm currently has an average brokerag ...

Smartphone market share gains and the PC market both represent growth opportunities.Demand for high-end and flagship smartphones is strong, according to supply chain research performed by KeyBanc. This bodes well for Qualcomm (QCOM 1.22%), reasons KeyBanc analyst John Vinh. Vinh reiterated his overweight rating on Qualcomm stock to start the week and raised his price target from $180 to $205. The new price target represents a potential upside of about 18% over the next 12 months or so.Winning market shareKe ...

Qualcomm (NASDAQ:QCOM) stock, the chipmaking leader in wireless connectivity, has weathered a challenging macroeconomic environment surprisingly well. However, despite its resilience as their await for a rebound in the handset market the stock has remained undervalued. This will have important implications for Qualcomm stock investors.Looking ahead, there are several catalysts in 2024 that will lay the foundation for accelerated growth. Mainly, their AI CPU (Snapdragon X Elite) that is set to revolutionize ...

The latest trading session saw Qualcomm (QCOM) ending at $173.91, denoting a +1.68% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 0.11%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.23%.Prior to today's trading, shares of the chipmaker had gained 5.94% over the past month. This has outpaced the Computer and Technology sector's gain of 1.54% and the S&P 500's gain of 1.5% in that time.The investment community will be paying close attention to the e ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Qualcomm (QCOM) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.Qualcomm is a member of the Computer and Technology sector. This group includes 618 individual stocks and currently holds a Zacks Sector Rank of #5. The Za ...

Qualcomm Incorporated (QCOM) recently partnered with Google to release an optimized Chrome browser designed for Windows PCs powered by Snapdragon. The launch of an improved iteration of Chrome precedes the expected release of Snapdragon X Elite compute platforms in mid-2024. These advancements will empower Windows PC users with access to significantly faster web browsing capabilities.The new Chrome version demonstrated remarkable performance enhancements compared to previous versions in a preliminary trial ...

Zacks Premium and Style Scores - Zacks Premium provides daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens to help investors make informed decisions [1] - The Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, assigning ratings from A to F, with A being the best [2] - The Style Scores are divided into four categories: Value Score, Growth Score, Momentum Score, and VGM Score [2][3][4] - The VGM Score combines all three Style Scores (Value, Growth, Momentum) to provide a comprehensive indicator for stock selection [4] - The Zacks Rank, which uses earnings estimate revisions, has a strong track record, with 1 (Strong Buy) stocks delivering an average annual return of +25.41% since 1988, outperforming the S&P 500 [5] - Investors should focus on stocks with a Zacks Rank 1 or 2 and Style Scores of A or B for the highest likelihood of success [6] Qualcomm (QCOM) Analysis - Qualcomm designs, manufactures, and markets digital wireless telecom products and services based on CDMA technology, with two reporting segments [7] - QCOM has a Zacks Rank of 3 (Hold) and a VGM Score of B, with a Momentum Style Score of B and a 3.8% share price increase over the past four weeks [7] - Nine analysts revised their earnings estimates higher for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.40 to $9.57 per share [8] - QCOM has an average earnings surprise of 5.9%, making it a stock to watch for momentum investors [8]

Qualcomm (NASDAQ:QCOM) is a leading player in mobile connectivity, focused on developing key wireless technologies for smartphones and networks. QCOM stock operates in three primary business segments: chipsets and software, intellectual property licensing, and investment in 5G and AI technologies. You can see the company’s dedication to innovation via the Snapdragon 8 Gen 3 platform, which powers the OnePLus 12. The company’s Q1 2024 results also cement Qualcomm among the best semiconductor stocks worth con ...

Qualcomm (QCOM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this chipmaker have returned +8%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Wireless Equipment industry, which Qualcomm falls in, has gained 5.6%. The key question now is: What could be the stock's future direction?While media releases or rumors abo ...

Qualcomm Incorporated (QCOM) introduced the Snapdragon 8s Gen 3 mobile platform specifically engineered for Android flagship smartphones. The solution is designed to improve user experience with on-device generative AI capabilities and advanced photography features. The latest addition to Qualcomm’s premium Snapdragon 8 series is already witnessing significant market traction among leading smartphone manufacturers.Major players in the smartphone industry, including Realme, Honor, iQOO, Redmi and Xiaomi, are ...